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As a credit union, we operate every day with the seven cooperative principles in mind.

For our scholarship this year, please choose one of the seven principles and write a one-page essay about how this principle is good for the community a cooperative serves.

Please email the essay to riannek@aspire.creditunion by April 30, 2024.

The 7 Cooperative Principles

  1. Voluntary and Open Membership
    • Membership in a cooperative is voluntary and non-discriminatory.
  2. Democratic Member Control
    • Each member receives one vote. This contrasts with other corporations where the number of shares owned determines voting power.
  3. Members’ Economic Participation
    • Members contribute to, and democratically control, the financial resources of their cooperative.
  4. Autonomy and Independence
    • Cooperatives are independent, self-help organizations controlled by their members.
  5. Education, Training, and Information
    • Cooperatives provide education on the principles and practices of cooperative business so that members will be good decision-makers and the general public will better understand cooperatives.
  6. Cooperation Among Cooperatives
    • Cooperatives work together at the local, regional, national, and international levels to further economic democracy.
  7. Concern for Community
    • Cooperatives work for the sustainable development of their communities through policies accepted by their members.

Winner

One winner will be selected for this scholarship valued at $1,000 by April 30, 2024, and notified via phone.  The recipient will provide proof of enrollment and the check will be directly emailed to their enrolled institution on their behalf. There will also be a photo opportunity at the credit union.